Virgin Galactic fell over 15% in premarket trading

Tiger Newspress2021-05-11

(May 11) Virgin Galactic Holdings is lower after the company did not provide a specific timeline for its next test flight.

"We continue to make strides towards our strategic objectives and have solid momentum as we focus on completing our flight test program," says CEO Michael Colglazier.

The company is evaluating the timing for the next flight.

Virgin Galactic says total future astronauts remained at approximately 600 as of March 31. The company ended the quarter with a cash position of $617M after the $0 revenue quarter.

Shares of Virgin Galactic fell over 15% in premarket trading. That mark is the lowest trading level for SPCE in 2021.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Pinkfairy
    2021-05-11
    Pinkfairy
    Scam scam scam
  • mintmochi
    2021-05-11
    mintmochi
    It's going to noom instead of the moon
  • 南洋铁公鸡
    2021-05-11
    南洋铁公鸡
    Are we there yet? Are we there yet...? Are we..... ?
  • Blueman13
    2021-05-11
    Blueman13
    ?
  • Blueman13
    2021-05-11
    Blueman13
    About time to retrace for higher gains
  • Turtlebizkit
    2021-05-11
    Turtlebizkit
    Space xploration in the future. Juz hodl on. [Cool] 
Leave a comment
12